Oklahoma Nonprofits Get Disaster Loan Lifeline After July Storms
Published Date: 10/14/2026
Notice
Summary
Oklahoma just got a major disaster declaration after severe storms hit on July 4, 2026, affecting Cleveland, Nowata, Osage, and Washington counties. This means nonprofit groups can now apply for low-interest disaster loans to help recover, with deadlines coming up on December 7, 2026, for physical damage and July 7, 2027, for economic injury. The government is ready to help, so affected folks should act fast and get the support they need!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Nonprofits in four OK counties can apply
If you run a private nonprofit that provides essential government-like services in Cleveland, Nowata, Osage, or Washington counties, you may apply for SBA disaster loans after the July 4, 2026 severe storms. You can apply online at the MySBA Loan Portal (https://lending.sba.gov) or in person at locally announced locations. The deadline to apply for physical damage loans is December 7, 2026, and the deadline for economic injury (EIDL) loans is July 7, 2027.
Low 3.625% interest rate on SBA disaster loans
The interest rate for eligible private nonprofit organizations for both physical damage loans and economic injury loans is set at 3.625 percent. This rate applies whether or not credit is available elsewhere and is listed in the disaster declaration (disaster numbers 21948B for physical damage and 219490 for economic injury).
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